stockrowImunon, Inc.
IMNN Healthcare Biotechnology
Imunon, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $500,000.00.
- EPS
- +74.9%
- Free cash flow
- −4.24%
Quarter to June 2026, against a year earlier
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Imunon, Inc. (IMNN) Altman Z-score
Imunon, Inc.'s Altman Z-score for fiscal 2022 is −12.52, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2022 | −12.52 | (7.29) |
| FY2021 | −5.23 | 7.01 |
| FY2020 | −12.24 | (0.94) |
| FY2019 | −11.30 | (2.71) |
| FY2018 | −8.59 | (0.57) |
| FY2017 | −8.02 | 5.11 |
| FY2016 | −13.13 | (6.54) |
| FY2015 | −6.59 | — |
How fiscal 2022’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.61 | — | 0.73 | |
| Retained earnings / total assets | (8.38) | — | −11.74 | |
| EBIT / total assets | (0.57) | — | −1.87 | |
| Market value of equity / total liabilities | 0.57 | — | 0.34 | |
| Sales / total assets | 0.01 | — | 0.01 | |
| Altman Z-score | Distress zone | −12.52 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −25.05 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CDIO Cardio Diagnostics Holdings, Inc. compare | −3.6× |
| IMNN Imunon, Inc. | −12.5× |
| SNTI Senti Biosciences, Inc. compare | −13.7× |
| PULM Pulmatrix, Inc. compare | −27.9× |
| CANF Can-Fite Biopharma Ltd compare | −28.0× |
| CNSY Cerenome, Inc. compare | −44.9× |
| PCSA Heatwurx Inc. compare | −251× |
| RVPH Reviva Pharmaceuticals Holdings, Inc. compare | — |
| ACXP Acurx Pharmaceuticals, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets